|Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 05 Dec'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the earlier Study: (click here for the post)
Bulls after the kick off from the Kumo, get above the Tenkan Sen and Kijun Sen and continue to make it rain ATHs #W2.
Tenkan Sen and Kijun Sen still on top of each other and Separation is expected anytime now #W2.
Senoku Span A & B gap is flat #W3.
Wrap: Bulls bounced off the Kumo and used the Chikou Span deflection, to make it rain ATHs # W2. Bears pray for a red week.
Looking Forward into this Week:
Bears aim for a journey back to the Kumo, starting with a move to below the Tenkan Sen #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, is now in progress #W2.
Chikou Span dipping towards the Price line is the Bear ask #W1.
Bulls anticipate that the Tenkan Sen will move above the Kijun Sen in a Bullish deflection, even if the Index itself falls to the Tenkan Sen #W2.
Wrap: Tenkan Sen and Kijun Sen are on top of each other - the Bulls look for a deflection while the Bears hope for a Bearish Cross #W2.